10x Insights
Loading account…
Companies / Consumer Discretionary / Lithia Motors, Inc.
LAD

Lithia Motors, Inc.

Ticker LADMEDFORD, ORFiscal year ends DecemberBook value per share $278.35Diluted shares 23.0M

Lithia Motors, Inc. (NYSE: LAD) operates as the largest global automotive retailer, providing comprehensive products and services throughout the vehicle ownership lifecycle. The company maintains a presence across the United States, the United Kingdom, and Canada through 455 retail locations representing 54 brands as… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$37.63BFY2025
+4.0% year over year
Last 12 mo $37.94B
4.24%FY2025
−0.1 percentage points
Last 12 mo 4.08%
$825.90MFY2025
+0.5% year over year
Last 12 mo $720.20M
12.48%FY2025
+0.4 percentage points
Last 12 mo 11.16%
Cash & financing
$356.70MFY2025
−16.1% year over year
Last 12 mo $-148.80M
$5.80MFY2025
−92.1% year over year
Last 12 mo $-504.30M
2.24FY2025
Was 1.99× a year earlier
Last 12 mo 1.02
25.4MFY2025
−6.3% year over year
Last 12 mo 23.0M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Lithia Motors, Inc. does

In the company’s own words

Lithia Motors, Inc. (NYSE: LAD) operates as the largest global automotive retailer, providing comprehensive products and services throughout the vehicle ownership lifecycle. The company maintains a presence across the United States, the United Kingdom, and Canada through 455 retail locations representing 54 brands as of December 31, 2025. More information about the company is available at www.lithiainvestorrelations.com.

The company's core business encompasses new and used vehicle sales, automotive financing and insurance products, and aftersales repair and maintenance services. Lithia and Driveway operates through a diversified network designed to serve customers through multiple channels, including physical dealership locations, e-commerce platforms, and digital solutions. The company employs approximately 30,000 full-time equivalent team members across its global operations.

Lithia's business model centers on providing customers with seamless blended online and physical retail experiences supported by proprietary data science and performance measurement systems. The company operates Driveway.com and GreenCars.com as its primary e-commerce home solutions, offering customers the ability to browse inventory, purchase vehicles online with home delivery options, and access educational resources about sustainable mobility. In 2025, GreenCars attracted approximately 9.0 million unique visitors. The company also operates Driveway Finance Corporation (DFC), a captive auto financing division that diversifies revenue streams and provides customer financing solutions.

The company's strategy emphasizes operational excellence through centralized administrative functions and local market responsiveness, growth through disciplined acquisitions targeting 15% after-tax returns, and thoughtful capital allocation balancing acquisitions, capital expenditures, and shareholder returns. During 2025, Lithia acquired 17 stores and divested 12 stores, investing $751.0 million net of floor plan debt with anticipated annualized revenues of approximately $2.4 billion from these acquisitions.

Founded in 1946 and incorporated in Oregon in 1968, Lithia completed its initial public offering in 1996. The company's diversified portfolio includes franchises from major manufacturers including Honda, Toyota, Ford, BMW, and Stellantis, which collectively represent 25 percent of sales. Total advertising expense, net of manufacturer credits, reached $257.0 million in 2025, with over 88 percent deployed toward digital, social, listings, and direct owner communications.

Company details
Sector
Consumer Discretionary
Industry (SIC)
Retail
Headquarters
MEDFORD, OR
Fiscal year end
December
CIK
1023128
SIC
5500

Financial performance, year by year

Fiscal 2013–2025 · USD
$-3.79B$7.59B$18.97B$30.35B$41.73B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Lithia Motors, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

417
funds hold it
3 of 35
superinvestors hold it
$3.36B
held by funds, at market
52.6%
of shares held by funds
4
bond issues held by funds

Superinvestors in Lithia Motors, Inc. · what they did last quarter

David AbramsUNCHANGED
Abrams Capital Management
13.2%of 13F portfolio
Bill NygrenDECREASED -2.1%
Harris Associates (Oakmark)
0.7%of 13F portfolio
Ruane CunniffDECREASED -1.8%
Ruane, Cunniff & Goldfarb (Sequoia)
<0.1%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Lithia Motors, Inc.’s weight in each

Oakmark Select Fund
OAKLX · HARRIS ASSOCIATES INVESTMENT TRUST
4.57%of fund net assets
iShares Core S&P Mid-Cap ETF
IJH · iShares Trust
0.18%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.08%of fund net assets
VANGUARD SMALL-CAP VALUE INDEX FUND
VBR · VANGUARD INDEX FUNDS
0.14%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Lithia Motors, Inc.’s bonds, as funds hold them

Funds report holding 4 issues of Lithia Motors, Inc.’s debt, $855.09M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.55%, maturing 2027 to 2031.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Lithia Motors, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Lithia Motors, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Lithia Motors, Inc.'s last four quarterly filings that the numbers alone won't show?”
See how it works →All research tools with a subscription. Use your own AI account.